Tuesday, April 27, 2010

C.K. Prahalad

On April 16th we lost one of the great management thinkers - C.K. Prahalad.
A huge loss for the University of Michigan and the whole world!

C.K. is widely considered the most creative management thinker of his generation. He fundamentally changed how we think about business strategy ("Core Competence"), economic development ("Fortune at the Bottom of the Pyramid") and innovation ("Co-creation").

I did not have the honor to attend lectures with him, but I was told by second year students and alumni that C.K. fundamentally changed the way they think about business and the world.

The world of management theory has more than its fair share of charlatans, but C.K. Prahalad was the genuine article.
- The Economist

Sunday, April 18, 2010

Meatpacking District - the end of internship recruiting

At the beginning of March I was invited to New York to celebrate with the European internship class of Booz & Company. The weekend was a wonderful end to the intense time of internship recruiting.


I guess before start of school I was not aware how competitive internship recruiting in a Top 10 MBA program would be. So the time of internship interviewing was pretty intense.

Fortunately I was able to secure the internship of my choice: A summer at a top strategy consulting firm.

So I will spend 9 weeks with Booz & Company in Germany that I am very excited about. The people from Booz were some of the greatest people I met throughout the recruiting process. It is fair to say that the interviews with Booz were the ones that were most fun for me. I acknowledge that part of it might have been the fact that one of my cases was pricing Wayne Rooney on behave of VFB Stuttgart. The sad part, ManU did not agree to sell for the 27 million Euro I was willing to bid.


During the celebration weekend we all had a blast. It was great to meet employees from Europe and the other interns from across the US. We were located in the Meatpacking District which is the club district in Manhattan in the Standard Hotel. A very cool hotel with a great view of the of Hudson and the Financial District. Very cool was especially that the hotel had a bar at the top of it. Besides the view (of Manhattan) the most impressive thing about the bar was a waitress that was roughly 6-5 tall. Yes indeed some sight as well. ;-)

The hotel had windows to the floor and colleagues on lower levels found notes on their bed that they should be aware that movements are visible through the curtain.


On Friday we spend the afternoon in the Booz Office in New York and had discussions with former interns and current employees. Very impressive: the Booz office has a bar on the 19th floor. So we had cocktails inside the office. I guess fitting considering the name of the firm. ;-)

Friday night we then went for a great dinner and some time in the clubs of Meatpacking District.

On Saturday we then toured the NBC studios in the Rockefeller Center and went on top of it.




The highlight of the weekend was Saturday night were we cooked our own food with ‘slight” assistance of a chef. Besides the fact that it was delicious it was a lot of fun. And I would have never thought I would make my own pasta - ever. But yes, I did!


So while I have been to New York before, this time really blow me away. What a great city. I can’t wait to be back in May for four days of orientation training at the start of my internship.




The sad part of this story is that I have to leave Accenture. (Thomas, I guess your decision to go to McKinsey did not help my case ;-))

I had a great 5 years there, learned a lot and most importantly met countless wonderful people and made many friends! What made it especially difficult was that the day before I had to send in my cancellation I had the most terrific of conversations with an alumni from Ross who is an Accenture partner in London.

So I can only thank all of you and say that I sincerely hope to stay in touch!

I hope my summer in Germany gives me an opportunity to catch up with all of you!





For the great weekend in New York I want to thank all Boozies who have been involved and especially those who flew over from Europe. If the summer is anywhere near as much fun, I certainly made the right choice! I’m definitely very much looking forward to it!